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Block 1, Lot 3 · Office-Residential
19 acres, build-ready, for whatever East Mankato needs next.
A flex development site zoned for up to 610 units — capable of commercial, retail, or residential use on the fastest-growing side of the city.
Site Details at a Glance
Mixed Use - Block 1, Lot 2
19.03
Acres
OR
Zoned, Office-Residential
$8.31/SF
($12K/door)
610 Units
Across 10 planned buildings
A rare scale of flexibility, this close to everything.
A build-ready site on the high-growth east side of Mankato, capable of commercial, retail, or residential use. The site is planned for 10 buildings totaling 610 units, with grading and infrastructure included and construction readiness by late summer 2026.
Mankato continues to see steady growth fueled by in-migration from its broader trade area — a regional population of roughly 1.6 million, with a core population exceeding 340,000. Over the past five years the rental market has been persistently undersupplied, with vacancy under 2% for several years running. Recent deliveries have started easing that pressure, but the market remains structurally demand-driven — studies project a need for 6,500+ additional units by 2035 to meet growth and housing needs.
1 mile to major retail & shopping
2.7 miles to regional hospitals & clinics
3.4 miles to Minnesota State University, Mankato
Location
OR, Office-Residential District
Designed for medium-high density development at strategic locations, encouraging an optimum mix of office, institutional, and residential uses. Rental density rules do not apply.
Apartments, Professional service offices, Nursing homes, Child care, Congregate housing, Clubs & lodges
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About
With extensive experience and true human connection, Rebecca and the Thate Real Estate team look forward to helping you find the right fit at Aveyda Preserve — whether you're building, buying, or investing.
Why Mankato, Why Now
A structurally undersupplied rental market.
1.6M
Regional trade-area population
<2%
Rental vacancy for several consecutive years
6,500+
Additional units needed by 2035